Iberia to launch subsidiary Iberia Express

International Airlines Consolidated Group (IAG) on Thursday approved the launch of subsidiary Iberia Express, which will be part of its short- and medium-haul network.

Iberia A320. By Rob Finlayson
International Airlines Consolidated Group (IAG) on Thursday approved the launch of subsidiary Iberia Express, which will be part of its short- and medium-haul network. The new carrier will start operations in summer 2012 with four Airbus A320s and will have 13 aircraft by the end of 2012. All the aircraft will be sourced from Iberia’s (IB) existing fleet, IB said.
“The subsidiary is being established to compete effectively in the Spanish ...